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Intact Financial Corp. earns $163 million in third quarter

Intact Financial Corp. earns $163 million in third quarter

TORONTO — Intact Financial Corp. says it earned $163 million in the third quarter, less than half its earnings a year ago when it brought in $375 million. The company says earnings worked out to 83 cents per share, down from $2.
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Indigo reports lower sales, net loss in second quarter as customers cut back

Indigo reports lower sales, net loss in second quarter as customers cut back

TORONTO — Indigo Books & Music Inc. reported a net loss of $22.4 million in its second quarter, compared with a net loss of $15.9 million a year earlier. Revenue for the Toronto-based retailer totalled $206.9 million, down from $236.
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Tech community pleased with Alberta move to change rules around 'engineer' title

Tech community pleased with Alberta move to change rules around 'engineer' title

Canada's tech community is applauding a proposal by the Alberta government that would allow more workers to use the "software engineer" title.
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WeWork seeks bankruptcy protection in stunning fall for a company once valued close to $50 billion

WeWork seeks bankruptcy protection in stunning fall for a company once valued close to $50 billion

NEW YORK (AP) — WeWork has filed for Chapter 11 bankruptcy protection, a stunning fall for the office-sharing company that once promised to upend the way people went to work around the world.
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Most actively traded companies on the Toronto Stock Exchange

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (19,575.59, down 168.35 points): Crescent Point Energy Corp. (TSX:CPG). Energy. Down $1.08, or 9.87 per cent, to $9.86 on 14.
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Energy stocks drag TSX down as oil falls below US$80, while U.S. markets rise

Energy stocks drag TSX down as oil falls below US$80, while U.S. markets rise

TORONTO — Losses in the energy sector dragged Canada's main stock index down Tuesday, while U.S. markets rose, led by gains on the Nasdaq. The S&P/TSX composite index closed down 168.35 points at 19,575.59.
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Budget update: Quebec boosts aid payments, says economy is in 'stagnation'

Budget update: Quebec boosts aid payments, says economy is in 'stagnation'

Quebec Finance Minister Eric Girard has cut his projections for the province's economic growth in 2024 and is warning that Canada has entered a period of economic "stagnation.
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Telecoms must up network investments to meet growing demand for mobile data: report

Telecoms must up network investments to meet growing demand for mobile data: report

TORONTO — While Canada’s largest telecom company is set to slash spending on its fibre network expansion, industry stakeholders say phone carriers will need to boost their network investments amid forecasts that data consumption could double by 2027.
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Stock market today: Wall Street ticks up as falling oil prices and Treasury yields ease the pressure

Stock market today: Wall Street ticks up as falling oil prices and Treasury yields ease the pressure

NEW YORK (AP) — Stocks ticked higher on Wall Street as markets continue to absorb the big swings that have shaken them in recent weeks. The S&P 500 rose 0.3% Tuesday.
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Loblaw raises the affordability alarm as grocery code of conduct nears completion

Loblaw raises the affordability alarm as grocery code of conduct nears completion

As the grocery code of conduct nears completion, the Canadian industry's biggest player is raising concerns the guidelines could add fuel to the food inflation fire. Loblaw Companies Ltd.
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